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GLOBAL & REGIONAL DAILY (Thursday 26, March 2020)
HIGHLIGHTS
March 26, 2020
Global Markets
Global equities resumed their downtrend earlier today on market uncertainty whether the US $2trn stimulus package that the Senate approved yesterday would be enough to mitigate the COVID-19 induced damage to the economy. The Bundestag suspended the country’s constitutionally enshrined debt brake and approved the largest fiscal stimulus in the history of the German Federal Republic.
Greece
The Greek PM Kyriakos Mitsotakis has co-signed arguing in favour of the issuance of a ‘corona-bond’. On the privatisations front, nine investment schemes submitted expressions of interest for the acquisition of 65% of the share capital of DEPA Commercial S.A.
CESEE
Serbia: With the economy expected to contract by 2% YoY in 2020, as President Aleksandar Vucic announced on Monday, a series of economic measures and financing aid are about to be adopted in order to support the private sector and bolster the public medical system.
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